REV Group, Inc. (NYSE:REVG) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC decreased its holdings in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 19.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 178,920 shares of the company's stock after selling 42,696 shares during the period. Lazard Asset Management LLC owned approximately 0.34% of REV Group worth $5,702,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. New Age Alpha Advisors LLC acquired a new position in shares of REV Group during the fourth quarter worth about $40,000. Pictet Asset Management Holding SA acquired a new stake in REV Group in the 4th quarter valued at about $202,000. Cerity Partners LLC acquired a new stake in shares of REV Group in the fourth quarter valued at approximately $205,000. Bridgefront Capital LLC acquired a new position in shares of REV Group during the 4th quarter worth approximately $216,000. Finally, Brevan Howard Capital Management LP purchased a new stake in REV Group in the 4th quarter valued at approximately $220,000.

Wall Street Analyst Weigh In

Separately, Morgan Stanley cut REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price target for the company. in a report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $34.63.

REV Group Trading Up 0.2%

Shares of REVG stock traded up $0.09 during mid-day trading on Monday, hitting $38.33. 622,286 shares of the company's stock were exchanged, compared to its average volume of 697,904. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 8.54 and a beta of 1.12. The stock has a 50-day simple moving average of $32.49 and a two-hundred day simple moving average of $32.06. REV Group, Inc. has a fifty-two week low of $21.54 and a fifty-two week high of $40.57. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20.

REV Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Friday, March 28th. REV Group's dividend payout ratio (DPR) is 13.48%.

REV Group Company Profile

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.